Everything you need to know about JPMorgan’s $13 billion settlement

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US bank JP Morgan agrees to a record bn (8bn) settlement. and we want you to know what this means for you and your data. "We are pleased to have concluded this extensive agreement," said JP Morgan boss Jamie Dimon in a statement.. But that all seems to have changed in recent months.

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The bank is reportedly set to pay out a $13 billion settlement to end civil cases from. We've always said, if there was one for sale, we'd love to look at it. Would I have done Bear Stearns again knowing what I know today?

The $13 billion JPMorgan settlement amount is only about half of its record 2012 net income of $21.3 billion, or $5.20 a share, which made it one of the most profitable U.S. banks last year.